Nest Protocol and Trava Finance recently announced their partnership. By using NEST price feeds with its decentralized oracle solution, Trava Finance is able to access nodeless, permissionless, secured price data needed to help verify the asset prices in the lending pool.
Trava Finance is a decentralized marketplace for cross-chain lending, providing a flexible mechanism with which users are able to establish and control their own lending pools to start their lending business.
To assist in ensuring prices reflect global market situations and maintain high security for the lending pool, Trava Finance uses NEST Oracle Model to help verify the pricing of assets in the protocol. Trava Finance demands utilizing a decentralized oracle to obtain price data off-chain and on-chain verification.
With the cooperation between Trava Finance and NEST protocol, users will receive a strong guarantee that the pricing of assets is supported by a decentralized foundation provided by NEST.
NEST protocol and price model consist of critical attributes such as:
- Accuracy: Reflect the real market price
- Stable: Stabilized price information reduces risks
- Anti-attack: High cost to temper the price
The native digital cryptographically-secured fungible token of TRAVA.FINANCE (Trava token) is a transferable representation of attributed governance and utility functions specified in the protocol/code of TRAVA.FINANCE design solely as an interoperable utility token on the platform. Trava token deploys on Binance Smart Chain’s BEP20 standard.
ABOUT TRAVA FINANCE
Trava Finance is the world’s first decentralized marketplace for cross-chain lending. While existing approaches provide only one or a few lending pools with their own parameters such as borrow/supply interest rate, liquidation threshold, Loan-to-Value ratio, or a limited list of exchangeable cryptocurrencies, TRAVA offers a flexible mechanism in which users can create and manage their own lending pools to start a lending business. Trava then enables cross-chain lending with various tokens on Ethereum and other blockchain networks.
ABOUT NEST PROTOCOL
Nest Protocol is a decentralized oracle built on Ethereum and powered by the NEST token. The protocol is a distributed price oracle network.